CA23192 - PMA: FYA: First-year tax credits: clawback provisions, continuity of business provisions

CAA01/Sch.A1 para 25

A continuity of business provision is one where there is a transfer of an asset as part of the transfer of a qualifying activity and special capital allowances rules apply so that anything done to or by the transferor company is treated as having been done to or by the person who becomes the owner of the asset. ICTA88/s343 and CAA2001/s267 are examples of continuity of business provisions.